KKR, CVC Team Up To Bid For Pearson's IDC - Source
March 29 2010 - 7:39PM
Dow Jones News
Kohlberg Kravis Roberts and CVC Capital Partners have teamed up
to bid for Interactive Data Corp. (IDC), the U.S.-listed financial
data provider majority owned by U.K. publisher Pearson PLC (PSO), a
person familiar with the situation told Dow Jones Monday.
The buyout duo join other private equity groups in the auction,
including Bain Capital LLC and Advent International Corp., and
Hellman & Friedman LLC and Silver Lake Partners.
Trade player McGraw-Hill Cos. (MHP) has also put in a bid,
people said.
Pearson, which also publishes the Financial Times newspaper and
owns a large U.S. educational publishing business, hired Goldman
Sachs (GS) in January to conduct a "preliminary review of strategic
alternatives" for IDC in which it has a 61% stake.
This led to a sales process and the company shortlisted a
handful of bidders earlier this month, people previously told Dow
Jones.
-By Marietta Cauchi; Dow Jones Newswires; 415 439 6455;
marietta.cauchi@dowjones.com
Interactive Data (NYSE:IDC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Interactive Data (NYSE:IDC)
Historical Stock Chart
From Apr 2023 to Apr 2024